28557, Morehead City, NC

The 28557 zip code of Morehead City, NC is located in the southeastern corner of the state and includes a population of just over 20,000. The median home value in this zip code is $137,500 and the median household income is just over $60,000. Morehead City has a population density of just under 2 people per square mile which is lower than the national average. There are also a relatively low number of vacant homes in this zip code which may be contributing to its high home values.

Home equity is important to many people and it can be an important factor when deciding whether or not to buy a home. Home equity can be thought of as the difference between what a homeowner owes on their house and what their house is worth. In some cases, homeowners may have taken out loans to purchase their homes and may still owe more on their mortgages than their houses are worth. This means that they have less available cash flow to use for other expenses such as groceries or bills. Over time, if interest rates stay low or if the homeowner doesn't make any additional payments on their mortgage, their home equity will decrease until it reaches zero.

In recent years, home prices in Morehead City have been increasing at a faster rate than inflation which may indicate that there are plenty of buyers interested in purchasing homes in this area. While there are certainly risks associated with buying a home, including potential financial difficulties down the road if interest rates rise or if the market crashes, there are also many benefits associated with owning your own home including reduced stress levels and increased security. If you're thinking about buying a home in Morehead City or anywhere else in North Carolina, it's important to do your research carefully so that you can make an informed decision about whether or not this is the right investment for you